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South Africa Wholesale Sales Rise For Second Month

South Africa's wholesale sales rose for the second straight month in January, data from Statistics South Africa showed on Thursday.

Wholesale sales increased 1.9 percent year-on-year in January, following a 2.5 percent rise in December. In November, wholesale sales fell 5.1 percent.

On a monthly basis, wholesale sales rose 1.1 percent in January, following a 0.5 percent decline in the preceding month.

For the three months ended in January, wholesale sales fell 2.0 percent, following a 2.9 percent decrease in the previous three months ended in December.

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